All Confused, page-12

In todays AFR:

Hartleys maintains a "buy" recommendation on Metals X and a price target of $2.33 per share.

"Metals X Limited has signed binding Heads of Agreements to acquire the Grosvenor project from RNI NL (RNI) and the Mt Henry project from Panoramic Resources (PAN) and Matsa Resources (MAT). The Grosvenor consideration is for 18 million MLX shares ( around $20 million value) and Mt Henry is for 22 million MLX shares ( about $24 million value). Both agreements are subject to regulatory approvals and all shares are freely tradeable. The Grosvenor project offers MLX a new development project and Mt Henry offers a bulk feed option for MLX's existing Higginsville gold operations (HGO). MLX continues to see value where others don't and unfortunately this creates hidden value in an increasingly complex business. We particularly like SKO, Rover, Renison, Wingellina and the new assets under consideration (Grosvenor and Mt Henry) for potential to exceed market expectations."